Tech Mahindra Limited
Information Technology›Information Technology›IT - Software›Computers - Software & Consulting
Key metrics
Price as of 2026-07-17
Stock price
₹1572.90
Market cap
1,39,411 Cr
Stock P/E
27.5
P/B
314.77
Dividend yield
2.9%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 26,023 Cr | 39,124 Cr | 51,995 Cr | 13,005 Cr | 26,319 Cr | 13,286 Cr | 13,384 Cr | 13,351 Cr | 13,995 Cr | 14,393 Cr | 15,076 Cr | 15,712 Cr |
| Operating expenses (approx.) | 23,307 Cr | 35,170 Cr | 46,562 Cr | 11,296 Cr | 22,335 Cr | 11,470 Cr | 11,372 Cr | 11,198 Cr | 11,790 Cr | 12,322 Cr | 12,716 Cr | 12,969 Cr |
| EBITDA | 2,716 Cr | 3,955 Cr | 5,434 Cr | 1,709 Cr | 3,984 Cr | 1,816 Cr | 2,012 Cr | 2,154 Cr | 2,205 Cr | 2,072 Cr | 2,361 Cr | 2,743 Cr |
| OPM % | 10.4% | 10.1% | 10.5% | 13.1% | 15.1% | 13.7% | 15.0% | 16.1% | 15.8% | 14.4% | 15.7% | 17.5% |
| Other income | 456 Cr | 543 Cr | 917 Cr | 145 Cr | 666 Cr | 17 Cr | 173 Cr | 218 Cr | 40 Cr | -22 Cr | -205 Cr | -106 Cr |
| Interest | 217 Cr | 334 Cr | 392 Cr | 72 Cr | 161 Cr | 76 Cr | 85 Cr | 78 Cr | 77 Cr | 94 Cr | 89 Cr | 111 Cr |
| Depreciation | 912 Cr | 1,356 Cr | 1,817 Cr | 462 Cr | 932 Cr | 459 Cr | 462 Cr | 458 Cr | 469 Cr | 474 Cr | 481 Cr | 479 Cr |
| Profit before tax | 1,587 Cr | 2,265 Cr | 3,224 Cr | 1,175 Cr | 2,892 Cr | 1,297 Cr | 1,464 Cr | 1,618 Cr | 1,659 Cr | 1,504 Cr | 1,791 Cr | 2,046 Cr |
| Tax % | 23.8% | 23.5% | 25.7% | 26.7% | 26.6% | 23.8% | 22.0% | 30.2% | 27.6% | 25.7% | 24.2% | 27.2% |
| Net profit | 1,209 Cr | 1,733 Cr | 2,397 Cr | 865 Cr | 2,122 Cr | 989 Cr | 1,142 Cr | 1,129 Cr | 1,202 Cr | 1,119 Cr | 1,356 Cr | 1,482 Cr |
| EPS (₹) | ₹13.42 | ₹19.20 | ₹26.66 | ₹9.62 | ₹23.74 | ₹11.10 | ₹13.17 | ₹12.87 | ₹13.48 | ₹12.66 | ₹15.27 | ₹16.53 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 34,742 Cr | 36,868 Cr | 37,855 Cr | 44,646 Cr | 53,290 Cr | 51,995 Cr | 52,988 Cr | 56,815 Cr | Sign in for TTM |
| Operating expenses (approx.) | 27,936 Cr | 30,172 Cr | 30,271 Cr | 35,511 Cr | 45,527 Cr | 47,479 Cr | 45,161 Cr | 48,023 Cr | Sign in for TTM |
| EBITDA | 6,806 Cr | 6,695 Cr | 7,585 Cr | 9,135 Cr | 7,763 Cr | 4,517 Cr | 7,828 Cr | 8,792 Cr | Sign in for TTM |
| OPM % | 19.6% | 18.2% | 20.0% | 20.5% | 14.6% | 8.7% | 14.8% | 15.5% | Sign in for TTM |
| Other income | 534 Cr | 1,192 Cr | 787 Cr | 1,112 Cr | 965 Cr | 917 Cr | 855 Cr | 32 Cr | Sign in for TTM |
| Interest | 133 Cr | 192 Cr | 174 Cr | 163 Cr | 326 Cr | 392 Cr | 322 Cr | 337 Cr | Sign in for TTM |
| Depreciation | 1,129 Cr | 1,446 Cr | 1,458 Cr | 1,520 Cr | 1,957 Cr | 1,817 Cr | 1,853 Cr | 1,882 Cr | Sign in for TTM |
| Profit before tax | 5,543 Cr | 5,058 Cr | 5,953 Cr | 7,452 Cr | 6,445 Cr | 3,224 Cr | 5,653 Cr | 6,573 Cr | Sign in for TTM |
| Tax % | 22.6% | 22.9% | 26.9% | 24.4% | 24.6% | 25.7% | 24.8% | 26.9% | Sign in for TTM |
| Net profit | 4,289 Cr | 3,897 Cr | 4,353 Cr | 5,630 Cr | 4,857 Cr | 2,397 Cr | 4,253 Cr | 4,806 Cr | Sign in for TTM |
| EPS (₹) | ₹48.48 | ₹46.21 | ₹50.64 | ₹63.32 | ₹54.76 | ₹26.66 | ₹48.00 | ₹54.28 | Sign in for TTM |
| Dividend payout % | — | — | — | 70.7% | 87.8% | 163.4% | 90.3% | 83.8% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 444 Cr | 436 Cr | 437 Cr | 439 Cr | 440 Cr | 441 Cr | 442 Cr | 443 Cr |
| Reserves | 19,841 Cr | 21,377 Cr | 0.0000 Cr | 26,444 Cr | 27,955 Cr | 24,788 Cr | 27,349 Cr | 443 Cr |
| Borrowings | — | — | — | — | 1,578 Cr | 1,531 Cr | 2,025 Cr | 597 Cr |
| Other liabilities | 13,162 Cr | 15,540 Cr | 39,241 Cr | 17,988 Cr | 16,180 Cr | 14,746 Cr | 14,678 Cr | 18,695 Cr |
| Total liabilities | 33,447 Cr | 37,354 Cr | 39,678 Cr | 44,871 Cr | 46,153 Cr | 43,424 Cr | 44,494 Cr | 49,369 Cr |
| Fixed assets (net) | — | — | — | — | 2,862 Cr | 2,558 Cr | 2,381 Cr | 2,426 Cr |
| CWIP | — | — | — | — | 84 Cr | 101 Cr | 21 Cr | 27 Cr |
| Investments | — | — | — | — | 3,215 Cr | 3,192 Cr | 3,128 Cr | 3,371 Cr |
| Other assets | — | — | — | — | 24,433 Cr | 23,425 Cr | 23,679 Cr | 27,575 Cr |
| Total assets | 33,447 Cr | 37,354 Cr | 39,678 Cr | 44,871 Cr | 46,153 Cr | 43,424 Cr | 44,494 Cr | 49,369 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 5,285 Cr | 5,572 Cr | 6,376 Cr | 5,786 Cr | 6,172 Cr |
| Cash from investing | — | — | — | 482 Cr | -278 Cr | -1,314 Cr | -23 Cr | -409 Cr |
| Cash from financing | — | — | — | -4,667 Cr | -5,078 Cr | -4,767 Cr | -5,799 Cr | -5,130 Cr |
| Net cash flow | — | — | — | 1,099 Cr | 267 Cr | 291 Cr | -29 Cr | 728 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 4,327 Cr | 4,557 Cr | 5,585 Cr | 5,192 Cr | 5,476 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 28.0% | 24.1% | 1402.0% | 28.3% | 19.4% | 9.4% | 20.0% | 22.5% |
| ROE % | 21.2% | 18.5% | 1013.3% | 20.7% | 17.0% | 8.7% | 0.9% | 16.0% |
| Debtor days | — | — | — | — | 88 | 80 | 79 | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 1 |
| Days payable | — | — | — | — | 30 | 29 | 30 | — |
| Cash conversion cycle | — | — | — | — | 58 | 51 | 49 | 1 |
| Debt / equity | — | — | — | — | 0.06 | 0.06 | 0.07 | 0.02 |
| Current ratio | — | — | — | — | 1.68 | 1.69 | 1.87 | 1.90 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | -0.32 | -0.62 | -0.29 | -0.51 |
Compare with peers
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